Accounting Support For Ukrainian Budget Process’ Transparency Within Martial Law
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Date
2022-06
Journal Title
Journal ISSN
Volume Title
Publisher
Київський національний економічний університет імені Вадима Гетьмана
Abstract
Introduction: The importance of reliability and relevance of information
and the source of its formation is strengthening and actualising within the
implementation of the principles of openness, transparency and accessibility
of the budget process declared by Ukraine. The receipt of foreign state
resources for Ukraine aimed at combating the aggressor’s actions increases
the attention of international institutions to the issues of openness and
transparency of Ukrainian budget funds’ allocation and spending. However,
the international concept of accounting support for the processes of
openness and transparency of information on public finance was not
implemented in the regulatory and accounting system of the domestic budget
process in the context of the implementation of the national public sector
accounting standards in accordance with IPSAS.
Aim:The purpose of the article is to substantiate the fundamental importance
of accounting and analytical information produced by the management
accounting system of public sector entities to ensure the reliability and
objectivity of transparency indicators of the budget process and make
suggestions for its improvement.
Method:The theoretical and methodological basis of the study is general
scientific and special methods of cognition, which are based on a dialectical
and systematic study of economic phenomena and processes
Findings: The results obtained within the study lead to the conclusion that
the integration of management accounting in the public sector accounting
system is a necessary condition for the transparency of the budget process,
especially within Martial law.
Description
Keywords
Openness, Budget Funds, Accessibility, Transparency, Management Accounting
Citation
Lovinska L. Accounting Support For Ukrainian Budget Process’ Transparency Within Martial Law [Electronic resource] / Liudmyla Lovinska, Iryna Parasiy-Vergunenko, Liliia Korytnyk // Economic security in thе Global environment (ESGE–2022) : lnternational Conference (June 29–30, 2022) / М-во освіти і науки України, Київ. нац. екон. ун-т ім. В. Гетьмана ; [ed. board: Lukyanenko D. et al.]. – Electronic text data. – Київ : КНЕУ, 2022. – P. 72–84. – Title from screen.